{"id":5956,"date":"2025-07-27T21:05:04","date_gmt":"2025-07-27T21:05:04","guid":{"rendered":"https:\/\/bitunikey.com\/news\/strategy-spends-740m-more-on-bitcoin-trump-medias-2b-treasury-coindcx-offers-bounty-weekly-recap\/"},"modified":"2025-07-27T21:05:10","modified_gmt":"2025-07-27T21:05:10","slug":"strategy-spends-740m-more-on-bitcoin-trump-medias-2b-treasury-coindcx-offers-bounty-weekly-recap","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/strategy-spends-740m-more-on-bitcoin-trump-medias-2b-treasury-coindcx-offers-bounty-weekly-recap\/","title":{"rendered":"Strategy spends $740m more on Bitcoin, Trump Media\u2019s $2b treasury, CoinDCX offers bounty | Weekly Recap"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Trump Media and Strategy adds billions to Bitcoin holdings, CoinDCX launches bounty, and India intensifies crypto tax enforcement this week.<\/p>\n<div id=\"cn-block-summary-block_7ffa16c1bd2d539fbcc7c42528ff3b2a\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Trump Media bought $2b in Bitcoin, now holds most of its $3  liquid assets in BTC<\/li>\n<li>Strategy added 6,220 BTC worth $739.8M, pushing its total to 607,770 Bitcoin<\/li>\n<li>CoinDCX offers $11m bounty to recover $44m stolen in cyberattack.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<h3 class=\"wp-block-heading\">Strategy extends Bitcoin purchasing spree<\/h3>\n<ul class=\"wp-block-list\">\n<li>The company purchased 6,220 Bitcoin (BTC) for $739.8 million between July 14-20 for an average price of $118,940 per coin.<\/li>\n<li>This transaction elevates Strategy\u2019s total cryptocurrency reserves to 607,770 BTC.<\/li>\n<li>Separately, the Bitcoin treasury company expanded its STRC preferred stock issuance from the original $500 million plan to $2 billion, according to Bloomberg. The adjustment represents a fourfold increase from the initial proposal of 5 million shares at $100 each announced earlier this week.<\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\">CoinDCX launches $11 million recovery bounty<\/h3>\n<ul class=\"wp-block-list\">\n<li>India\u2019s prominent cryptocurrency exchange CoinDCX will provide up to 25% of recovered assets, capped at $11 million, for assistance tracing stolen funds from Friday\u2019s cyberattack.<\/li>\n<li>The breach resulted in a $44 million loss from operational accounts, prompting the exchange to implement an incentivized recovery mechanism.<\/li>\n<\/ul>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h3 class=\"wp-block-heading\">Trump Media allocates $2 billion to Bitcoin treasury<\/h3>\n<ul class=\"wp-block-list\">\n<li>Trump Media purchased $2 billion worth of Bitcoin and related securities for corporate treasury purposes.<\/li>\n<li>Bitcoin holdings now comprise the majority portion of Trump Media\u2019s $3 billion liquid asset portfolio.<\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\">Ark Invest divests significant Coinbase stake<\/h3>\n<ul class=\"wp-block-list\">\n<li>Cathie Wood\u2019s investment firm sold 218,986 Coinbase shares worth approximately $90.58 million across three exchange-traded funds on Monday. <\/li>\n<li>The divestiture occurred through ARKK (174,746 shares), ARKW (27,663 shares), and ARKF (16,577 shares) within the same trading session.<\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\">Telegram introduces US crypto wallet through MoonPay<\/h3>\n<ul class=\"wp-block-list\">\n<li>The messaging platform launched noncustodial cryptocurrency wallet functionality for American users via collaboration with payment processor MoonPay.<\/li>\n<li>This integration allows the platform users to transmit and manage digital assets directly within the messaging application interface.<\/li>\n<\/ul>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h3 class=\"wp-block-heading\">FTX schedules creditor distribution<\/h3>\n<ul class=\"wp-block-list\">\n<li>The bankrupt exchange announced that the next creditor claim batch will commence distribution on September 30, with August 15 established as the record date.<\/li>\n<li>Bankruptcy court approval reduced the claims reserve from $6.5 billion to $4.3 billion, releasing an additional $1.9 billion for upcoming disbursement.<\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\">India intensifies cryptocurrency tax enforcement<\/h3>\n<ul class=\"wp-block-list\">\n<li>Tax authorities are implementing artificial intelligence systems and international data-sharing agreements to combat digital asset tax evasion efforts.<\/li>\n<li>Central Board of Direct Taxes Chairman Ravi Agrawal <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/economictimes.indiatimes.com\/news\/economy\/policy\/cbdt-to-ramp-up-ai-led-crackdown-on-tax-evasion-ahead-of-new-income-tax-law-chairman-ravi-agrawal\/articleshow\/122866379.cms\" target=\"_blank\" rel=\"nofollow\">indicated<\/a> improved data analytics and cross-border information exchange will target crypto tax avoidance.<\/li>\n<li>Officials warned that cryptocurrency transactions can no longer evade detection through traditional financial privacy methods.<\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\">JPMorgan halts Gemini onboarding<\/h3>\n<ul class=\"wp-block-list\">\n<li>Tyler Winklevoss <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/tyler\/status\/1946728768443150740\" target=\"_blank\" rel=\"nofollow\">claimed<\/a> the banking giant suspended Gemini\u2019s account opening process after he criticized new fintech fee structures publicly.<\/li>\n<li>The dispute arose following Winklevoss\u2019s criticism of CEO Jamie Dimon regarding Bloomberg-reported charges for fintech platforms accessing customer banking data.<\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\">Prosecutors consider Dragonfly Capital charges<\/h3>\n<ul class=\"wp-block-list\">\n<li>Assistant U.S. Attorney Thane Rehn <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/hosseeb\/status\/1948784630171402554\" target=\"_blank\" rel=\"nofollow\">revealed<\/a> Friday that authorities are evaluating potential charges against Dragonfly Capital\u2019s Tom Schmidt and associates.<\/li>\n<li>The investigation focuses on their investment activities related to Tornado Cash developer funding during Roman Storm\u2019s ongoing criminal trial.<\/li>\n<\/ul>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Trump Media and Strategy adds billions to Bitcoin holdings, CoinDCX launches bounty, and India intensifies crypto tax enforcement this week. Summary Trump Media bought $2b in Bitcoin, now holds most&hellip;<\/p>\n","protected":false},"author":1,"featured_media":1657,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5956","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/5956","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=5956"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/5956\/revisions"}],"predecessor-version":[{"id":5957,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/5956\/revisions\/5957"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/1657"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=5956"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=5956"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=5956"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}